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>> you get rid of obama care and 3.8% tax on investment income and get the tax on medical device makers, larry. >> i will bet you $20 right now. i'll make a romney $10,000 bet that obama care is not repealed. >> i'll bet you it will be repealed, but i'll buy a gift for your new daughter. >> thank you. >> if romney wins, which was not expected a week ago but is now more expected, if he wins what is the stock market impact? is it greater than earnings and the federal reserve? how do you assess a romney victory? >> what becomes important is the effect on capital gains and dividend taxes. we as investors view asset investments on an after-tax basis. they make those particular investments more attractive, and we saw this with respect to to t cool stocks. >> the average small business has 2.5 employees, the average is over 5. small businesses get a boom in that. >> i don't disagree with what you're saying but i focus on the tax policy. >> they'll go sky high if romney loses and skier higher because of obama care. >> that said, just to repeat, i disagree. >> all detriments to growth. >> detrim
>> you get rid of obama care and 3.8% tax on investment income and get the tax on medical device makers, larry. >> i will bet you $20 right now. i'll make a romney $10,000 bet that obama care is not repealed. >> i'll bet you it will be repealed, but i'll buy a gift for your new daughter. >> thank you. >> if romney wins, which was not expected a week ago but is now more expected, if he wins what is the stock market impact? is it greater than earnings and the federal...
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if we may hear, let's start with taxes. can we do that. profess seat to the professor harvey rosen after all of this nonsense, this smear campaign that is going on, this attack on governor romney that has become the default campaign of the obama folks, he had to come out and save, the president is represented me in the debate. he has misrepresented my views on the run the tax plan, which -- is entirely possible. >> it is crazy. if you read the rose and paper it is basically an explanation of how romney plan we will work without a middle-class tax increase or blowing up the deficit. it is basically explaining, knocking down all of the obama arguments, yet the obama campaign tried to use and as a source for their claims costs. lou: they did. and this business, it is a full of assault. robert gives u.s. not been able to find a job with anyone except obama is out holding forth on who has the greater integrity. and, you know, we are not so pitiful it would be laughable, but this is a nasty, vicious campaign that i said at the broadcast. it was
if we may hear, let's start with taxes. can we do that. profess seat to the professor harvey rosen after all of this nonsense, this smear campaign that is going on, this attack on governor romney that has become the default campaign of the obama folks, he had to come out and save, the president is represented me in the debate. he has misrepresented my views on the run the tax plan, which -- is entirely possible. >> it is crazy. if you read the rose and paper it is basically an explanation...
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i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people out there. i love charleston. a lot of people -- rather charlotte because in charlotte you heard an entire political party speaking led by people like deval patrick, the governor of massachusetts, after you saw mr. mayor. i think it sounds better when it's a serenade than when it's a solo. what do you think about that? because the other guy has these terrible attack dogs out there, people like trump pitching the birtherism nonsense, sununu talking about being lazy. you got priebus and his nonsense about him being from europe and foreign and newt saying terrible things not to mention jack welch trying
i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people...
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it is the bottle tax. the liquor tax. 9%. now they want to do this. when is it going to stop? >> supporters disagree. a decade ago, d.c. change its practice. small retailers who sold beer and wine currently maintain their licenses. another poll by the center for alcohol policy fined 70% of those surveyed said state regulations are needed because out called is different from other consumer goods. 79% said alcohol is not just like a toilet paper or tinfoil. small-business owners are concerned that national chains will take over. >> that money, follow the money. big business. >> the mayland -- the maryland retailers association declined to comment. the national chain stores are offering a so-called sweeteners. they will push for changes in the law to allow beer and wine shops to ship their products to consumers. >> maryland jobs and schools commissioned an economist to study the economic impact of expanded gambling. if questions 7 wynns, maryland wins. >> the goal here is to maximize economic impact. by maximizing the economic impact, the state benefits from fiscal and tax -- imp
it is the bottle tax. the liquor tax. 9%. now they want to do this. when is it going to stop? >> supporters disagree. a decade ago, d.c. change its practice. small retailers who sold beer and wine currently maintain their licenses. another poll by the center for alcohol policy fined 70% of those surveyed said state regulations are needed because out called is different from other consumer goods. 79% said alcohol is not just like a toilet paper or tinfoil. small-business owners are...
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republicans, aagree with lower -- agree withler taxes and simpler tax code. for the democrats, i think the government should be out of your social life. >> you've been listening to nick chloe last mueller. to see this interview and other canned interviews, log on to abc2news.com/politics. don't forget to vote tuesday november the 6th. >> all right. we'll have much more candidate interviews throughout the monthment tonight hi is down ated yard. >> and the best spot. i'm joce sterman. >> have a good evening. >> go o's.
republicans, aagree with lower -- agree withler taxes and simpler tax code. for the democrats, i think the government should be out of your social life. >> you've been listening to nick chloe last mueller. to see this interview and other canned interviews, log on to abc2news.com/politics. don't forget to vote tuesday november the 6th. >> all right. we'll have much more candidate interviews throughout the monthment tonight hi is down ated yard. >> and the best spot. i'm joce...
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tonight's moderator said the tax discussion will undoubtedly emerge again. >> allen said the tax cuts should be for everyone, tim kaine says in fact that families making over $500,000 should have their tax rates raised back to where they were when bill clinton was president. so taxes is going to be a clear distinction here. >> reporter: both candidates put up new ads today. . >> we're a great team. we'll be a great team in washington. >> reporter: allen's latest ad focuses on the looming budget cuts that could hit hard in the defense industry. >> george allen's plan stops the defense cuts, creates jobs, and grows our economy. >> reporter: while kaine has outraised allen, outside groups have spent tens of millions of ads against kaine. polls have been mostly deadlocked until the last few days when three surveys show kaine pulling ahead. swing voters they say might vote a split ticket. >> the vast majority of people who vote for barack obama are going to vote for tim kaine, same is true of the people who vote for mitt romney will vote for george allen. both candidates are really looking
tonight's moderator said the tax discussion will undoubtedly emerge again. >> allen said the tax cuts should be for everyone, tim kaine says in fact that families making over $500,000 should have their tax rates raised back to where they were when bill clinton was president. so taxes is going to be a clear distinction here. >> reporter: both candidates put up new ads today. . >> we're a great team. we'll be a great team in washington. >> reporter: allen's latest ad...
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been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the chavez national monument that may help rally hispanic voters. new politico, george washington university battleground tracking poll of likely voters shows president may have an intensity problem. only 73% support him say they are extremely likely to vote compared to 86% who back romney. >> they know the race has tightened. >> bret: ed henry traveling with the president in california. ed thanks. >>> we are less than a month away from election day. much of the country is already taking part in early voting. we are taking our weekly look at how the electoral college map is shaping up. joining me again today are
been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the...
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being served by corporate media in other words they are giving messages and propaganda out the current tax this concentration of wealth and encourages the continuation of this this whole phenomenon and they definitely do work hand in hand here in order to maintain their control with the media i wanted to just briefly mention a couple stories from the book because they really caught my eye and i think they had interest a lot of other people. monsanto cares months and it seems like every day i'm reading more about them on trying to benefit off haiti's earthquake tell us about that story. well after the hurt earthquake. monsanto donated sixty tons of corn and vegetable hybrid seeds now these seeds were there genetically modified seeds and asked the haitian farmers found out about it and thousand of them demonstrated in their one of the seed destroyed when saw it was trying to enter do genetically. modified seeds into the the biosphere of haiti and they did this under the guise of sending for the earlier way it was pretty insidious and the people found out about it and they're trying to preven
being served by corporate media in other words they are giving messages and propaganda out the current tax this concentration of wealth and encourages the continuation of this this whole phenomenon and they definitely do work hand in hand here in order to maintain their control with the media i wanted to just briefly mention a couple stories from the book because they really caught my eye and i think they had interest a lot of other people. monsanto cares months and it seems like every day i'm...
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my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >>> the annual columbus day celebration outside union station took on added significance today. this is the 100th anniversary of the statue honoring christopher columbus. the crowded and often confusing traffic circle named after columbus is finally getting a makeover. as tom sherwood shows us now, some people also want changes for the historic statue. >> reporter: from patriotic songs to grand processions, the annual columbus day celebration drew a crowd to columbus circle to celebrate history. >> columbus, as an explorer, made a spectacular difference in the history of the world. you can't imagine how extraordinary it was to have somebody say, i'm going to head out into that unknown ocean -- >> reporter: the statue of columbus was donated 100 years ago. >> back in 1912 on this very spot. >> reporter: in recent decade the grand fo
my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >>> the annual columbus day celebration outside union station took on added significance today. this is the 100th anniversary of the statue honoring christopher columbus. the crowded and often confusing traffic circle named after...
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vo: why won't romney level with us about his tax plan whwhich gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> attorney for -- attorneys for jerry sandusky met with the judge today. two hearings are planned for tomorrow. the first is to determine if he is of violent sexual predator and the second is to determine his sentencing. he faces life in prison. we will be live with his sentencing on abc7 news at 5:00. the man long suspected in the death of natalie holloway, a dutch newspaper reports that he has impregnated a woman despite being in prison in peru. he told the newspaper the pregnancy came after an unsupervised visit with the woman. >> 3 people behind bars after chaos broke out in a hotel in downtown philadelphia. we will show you some video. a brawl broke out between two separate wedding parties. and man, apparently the uncle of one of the bride's, had a heart attack a dot -- hard attack and died. >> there w
vo: why won't romney level with us about his tax plan whwhich gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> attorney for -- attorneys for jerry sandusky met with the judge today. two hearings are planned for tomorrow. the first is to determine if he is of violent sexual predator and the second is to determine his...
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raises taxes. small businesses tell me this is their single largest concern. >> the next question is for mr. murphy. >> regardless what happens with the affordable care act, the government will remain deeply involved in government health care. i want to ask about a very sensitive part of health cost- containment. one third of u.s. health spending is to take care of americans in their last year of life. does that need to change and how this government tackle something like that without the debate quickly turning into talk about government death panels and health-care rationing? >> we need to make a commitment to be blunt public health care systems like medicare and medicaid that we are going -- public health care systems that we're going to take care of them. u.s.s my commitment as a senator. but in order to do that, the have to have a medicare and medicaid program that works for those individuals and is not just designed to pad the bottom lines of insurance companies. this is where linda mcmahon an
raises taxes. small businesses tell me this is their single largest concern. >> the next question is for mr. murphy. >> regardless what happens with the affordable care act, the government will remain deeply involved in government health care. i want to ask about a very sensitive part of health cost- containment. one third of u.s. health spending is to take care of americans in their last year of life. does that need to change and how this government tackle something like that...
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john boehner is trying to work a deal with the president to do tax reform and entitlement reform and his deputy, the majority leader, calls people like paul ryan, who is now running for vice president. .. >> if you keep doing this, you are going to risk your speakership. the president said when i talked to him, interestingly enough, he said in fixing -- he realizes the magnitude of all of this, as does speaker boehner, key democrats, key republicans realize what it is. and the president literally said to me, i would willingly lose an election if i could solve these problems. it is that serious. tim geithner, the treasury secretary, in the book is quoted thousands of words telling the president, you have got to do something about this problem. we have to fix it. you literally, it's not that we're going to close down the government, we will close down the american economy and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligation
john boehner is trying to work a deal with the president to do tax reform and entitlement reform and his deputy, the majority leader, calls people like paul ryan, who is now running for vice president. .. >> if you keep doing this, you are going to risk your speakership. the president said when i talked to him, interestingly enough, he said in fixing -- he realizes the magnitude of all of this, as does speaker boehner, key democrats, key republicans realize what it is. and the president...
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my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >>> welcome back, everybody, at 4:30. i'm jim handly. >> i'm pat lawson muse. ads by the pro-israeli american freedom defense initiative refers to savage attacks by jihadists. a judge ruled they have to be posted by 5:00. >>> mitt romney's campaigning in virginia again today, during a major foreign policy address for military institute. he said the middle east has become more dangerous since president obama took office. the president's re-election team lodged a response. but the president ignored the speech during a visit to california. >>> the death toll continues to climb from a meningitis outbreak. the cdc said there are 105 confirmed cases of meningitis. eight people are dead, two of those happened in maryland and virginia. the outbreak was linked to steroid shots sold by a pharmacy in massachusetts. >>> on wall street, traders
my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >>> welcome back, everybody, at 4:30. i'm jim handly. >> i'm pat lawson muse. ads by the pro-israeli american freedom defense initiative refers to savage attacks by jihadists. a judge ruled they have to be posted by 5:00....
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. >>> joining us, the democratic strategist hilary rosen and republican strategist john feri. seeing a softer side of mitt romney, telling personal stories we haven't heard him do in the past. let me play a little clip. >> so i put my hand on his shoulder and i reached over and i said, billy,
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the...
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>> what bf his commit to not raising taxes? >> i think what's been incredible at the close of this race with 29 days to go has been the room that finally the conservative base has allowed mitt romney to spurn them in a lot of ways because they just wanted the visceral enjoyment of seeing him win a debate against the president. that's more important to them and beating barack obama in a lot of ways is more important to a lot of base than ideology. now, i can't imagine mitt romney going to that extent as matt as said and saying -- >> and doing something sensible for the government and the country. we wouldn't do that. >> but i also couldn't put anything past him at this point. >> joy reid and matt miller, thank you both. next, the president on the road again, as mitt romney campaigns right now with an aircraft carrier in the background. so who has the upper hand today? stay with us. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm
>> what bf his commit to not raising taxes? >> i think what's been incredible at the close of this race with 29 days to go has been the room that finally the conservative base has allowed mitt romney to spurn them in a lot of ways because they just wanted the visceral enjoyment of seeing him win a debate against the president. that's more important to them and beating barack obama in a lot of ways is more important to a lot of base than ideology. now, i can't imagine mitt romney...
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long campaign the institute for fiscal studies says in the next ten years based on current government tax and benefit policies eight hundred thousand more children will be dragged into poverty eradicating all the gains that have been made in the last ten years laura smith r.t. london. you're watching r t and he's reelected venezuelan president all the time this thing fills a comfortable big three in the pool filled with mace and the details just ahead. why there's a muslim for you in a few minutes after this break in stay with us. if you're passing through rushes to be a region you really can walk on the wild side thousands of kilometers of unspoiled countryside make up an area where it's still possible to live off the land such spectacular scenery makes it a paradise for fisherman and provides a business opportunity for hunters there are defined hunting seasons in russia but lax enforcement means many animals are killed out of the allotted times which can leave young animals orphaned and unable to survive the heart of just u.s. forest provides a sanctuary for the most famous beast in rus
long campaign the institute for fiscal studies says in the next ten years based on current government tax and benefit policies eight hundred thousand more children will be dragged into poverty eradicating all the gains that have been made in the last ten years laura smith r.t. london. you're watching r t and he's reelected venezuelan president all the time this thing fills a comfortable big three in the pool filled with mace and the details just ahead. why there's a muslim for you in a few...
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it now takes in more gambling tax money than nevada. indiana, new york and louisiana all rake in more than half a billion a year. nationally kw lly gambling is $ billion a year in revenues but 8 $8 billion in taxes. took 3,500 construction workers to build this place. 2,000 casino workers staff it. obviously it is a big deal in terms of job creation. now there are indirect jobs, too, expected to be built around this facility because they want to build up the area. now the biggest question is supply/demand. new jersey's been absolutely cannibalized by what they've added in mad added in pennsylvania. next spring they'll open their fourth casino. eventually they'll open one of these things and it is not going to do well, but right now there is a demand for it. >> it is definitely hopping there. brian schactman, have a good time. spend some money. >>> so are casinos a good bet for a community? for your community perhaps? joining us, jim rubens, chair of the granite state coalition against expanding gambling. on the cnbc news line, judy patt
it now takes in more gambling tax money than nevada. indiana, new york and louisiana all rake in more than half a billion a year. nationally kw lly gambling is $ billion a year in revenues but 8 $8 billion in taxes. took 3,500 construction workers to build this place. 2,000 casino workers staff it. obviously it is a big deal in terms of job creation. now there are indirect jobs, too, expected to be built around this facility because they want to build up the area. now the biggest question is...
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long campaign the institute for fiscal studies says in the next ten years based on current government tax and benefit policies eight hundred thousand more children will be dragged into poverty eradicating all the gains that have been made in the last ten years laura smith r.t. london. it was a tough political battle but charges again proved his socialism gender in venezuela enjoys strong popular support as he was reelected president for fourth time the polls massive turnout of over eighty percent showed just how crucial the vote was for the nation here's our correspondent in caracas lucy conference without all the details. we're standing here on the streets of caracas just hours after president. as the winner in this election you will be leading the country for another six years after millions of venezuelans have their ballots now a shot a victory likely ensures that the current programs the president has put into place will continue the so-called twenty first century socialism experiments help improve life for many of the poor many of whom are gathered here while the celebrations have be
long campaign the institute for fiscal studies says in the next ten years based on current government tax and benefit policies eight hundred thousand more children will be dragged into poverty eradicating all the gains that have been made in the last ten years laura smith r.t. london. it was a tough political battle but charges again proved his socialism gender in venezuela enjoys strong popular support as he was reelected president for fourth time the polls massive turnout of over eighty...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> less than a month away now before election day. and how can we forget political ads, they remind us each and evy hour on the hour what is happening now. with barack obama and mitt romney had to spend hundreds of millions of dollars to define themselves for us while, of course, vilifying the other. that's why when i draw your attention to this documentary, that airs tomorrow night, on pbs, it is from the folks who bring us front line. here is just a preview. >> i got my start as a community organizer. >> i know how the private sector works. i know how jobs come. i know how they go. >> for years, these two men have been telling us their stories. >> he keeps a lot of his views to himself. >> he knows that every step he takes is a potential land mine. >> people have great respect for obama and will still say
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> less than a month away now before election day. and how can we forget political ads, they remind us each and evy hour on the hour what is happening now. with barack obama and mitt romney had to spend...
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they're trying to draw attention to a 1954 tax code that prohibits tax-exempt organizations like churches from engaging in political endorsements a group known as the i ay lines defending freedom is now challenging the code claiming it violates preacher's right for free speech. >> they've marched october 7 as pulpit freedom sunday. >> yes, pulpit freedom sunday. when the thrill of lengthy sermons finally meets the excitement of tax policy. pulpit freedom sunday is the boldest theological movement since casual good friday. this sunday, october 7 pastors around the united states will violate the law by directly endorsing one of the candidates. it doesn't matter which, either romney or not-obama. (laughter) and to try to force this issue into court the sermons will be recorded and sent to the i.r.s. folks, i like this new rebel attitude from the pulpit. maybe someday we'll turn on fox news and see a high-speed popemobile chase. (laughter) pastor jim garlow, one of the leaders behind freedom sunday says it's all about principle. >> we believe there should be no governmental intrusion in the p
they're trying to draw attention to a 1954 tax code that prohibits tax-exempt organizations like churches from engaging in political endorsements a group known as the i ay lines defending freedom is now challenging the code claiming it violates preacher's right for free speech. >> they've marched october 7 as pulpit freedom sunday. >> yes, pulpit freedom sunday. when the thrill of lengthy sermons finally meets the excitement of tax policy. pulpit freedom sunday is the boldest...
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one, of course, is to raise taxes. number two is to cut spending, number three is to grow the economy. because if more people work in a growing economy, they are paying taxes and you can get the job done that way. the president would prefer raising taxes. i understand. the problem with raising taxes is that it slows down the rate of growth. you can never quite get the job done. i want to lower spending and encourage economic growth at the same time. megyn: he is talking about broadening the tax base, because if you lower the taxes, people have more money, they spend more money, the federal government takes in more. lou: it will is a result of the growth that it stimulates. but we have to put forward a very important caveat. this president has been in office ends 2009. he has not once performed at the tax code, has not once altered the direction of the tax, spending, and borrowing of the government. romney is talking about reversing all of that. truth is, megyn, without reducing spending and taking control of that defic
one, of course, is to raise taxes. number two is to cut spending, number three is to grow the economy. because if more people work in a growing economy, they are paying taxes and you can get the job done that way. the president would prefer raising taxes. i understand. the problem with raising taxes is that it slows down the rate of growth. you can never quite get the job done. i want to lower spending and encourage economic growth at the same time. megyn: he is talking about broadening the tax...
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talking about eliminating things too, like the estate tax and alternative minimum tax. that's a huge revenue raiser, that amt how will he get away with that? >> well, certainly a lot comes down to two factors in order to pay for it, one is, you have to look at it from the economic growth side. when we look at the economic benefits of cutting taxes across the board you really end up losing only about half of what you would if you look at it simply on a static basis. that means we have to do a lot less base broadening and a lot less loophole cutting than we normally would. that helps reduce the overall cost to the plan substantially. and makes it a lot less difficult to do these sort of measures to cut the costs. tracy: so the assumption is that the growth created will pay for the losses, will cover a piece of the loss of revenue, right. >> yes, that's correct. not all but some. tracy: okay. and then we also hear though he will cap some big tax breaks. do we know what breaks he is talking about? >> no. he has been obviously, very elusive about that. why not? why get into
talking about eliminating things too, like the estate tax and alternative minimum tax. that's a huge revenue raiser, that amt how will he get away with that? >> well, certainly a lot comes down to two factors in order to pay for it, one is, you have to look at it from the economic growth side. when we look at the economic benefits of cutting taxes across the board you really end up losing only about half of what you would if you look at it simply on a static basis. that means we have to...
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focusing tax cut on the middle class, not as linda mcmahon does by focusing tax cut on the affluent and the rich. my focus is reinvesting in the educational system, not the funding are most potent asset in the state. >> the next question is for mrs. mcmahon. >> is the public being well served by the quality of the nature of this campaign? yes, we're here today in a formal debate and you to our public going to answer a dozen questions. but both of you have failed a basic standard of transparency and access in this campaign. press conferences are few and far between, if at all. neither one of the performers the basic task of letting us know where you are from day today so we can simply listen to what you are telling voters. it is pretty basic stuff. your campaign, is your campaign serving the voters of connecticut? >> i am out every single day. i have traveled our state and visited a over 250 businesses. i've been over 160 living rooms around the state. i like to bring our message directly to the people of connecticut. i like the folks of connecticut to be able to look me in the eye and a
focusing tax cut on the middle class, not as linda mcmahon does by focusing tax cut on the affluent and the rich. my focus is reinvesting in the educational system, not the funding are most potent asset in the state. >> the next question is for mrs. mcmahon. >> is the public being well served by the quality of the nature of this campaign? yes, we're here today in a formal debate and you to our public going to answer a dozen questions. but both of you have failed a basic standard of...
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the country pays no taxes. pacino talk about that. >> guest: the reason they pay the taxes at the same reason they rob eggs. as where the money is. >> host: what do you mean? >> guest: the reach of all the money now. they have always paid my taxes. you don't think it's his or harder working, more virtuous in terms of putting themselves on the line and accept risk in order to achieve their trains? >> guest: some fall into that category. the world is filled with all kinds of creative people who need a lot of money. and there's no problem. the problem we say is that this is a ballot the way it used to be for the rich didn't use to pay a lot more than they do now. the average person i has no idea. how much the tax rates have dropped. i mean, the one you mentioned a second ago as dividend income. it's a perfect example. most of its history, the tax on dividends was outpaced what was it to it was the biochemistry salesman or die maker, whatever. the end of your income, dividends were taxed at that rate. 2000 the cubs
the country pays no taxes. pacino talk about that. >> guest: the reason they pay the taxes at the same reason they rob eggs. as where the money is. >> host: what do you mean? >> guest: the reach of all the money now. they have always paid my taxes. you don't think it's his or harder working, more virtuous in terms of putting themselves on the line and accept risk in order to achieve their trains? >> guest: some fall into that category. the world is filled with all kinds...
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don't like the tax policy numbers, find your own. there is a lot of that going on. >> in fairness i think what mitt romney said is defensible in the sense that, in fact, we have seen millions of people drop out of the labor force. if they hadn't dropped out and they seem to have because -- some is anyonie i aging but a l find jobs. that's a fair thing to say. >> he's on stage alan west who on friday suggests this was part of leftist radicalism at work and part of the chicago machine manipulating labor statistics. >> indeed. then there are the crazy people. >> that speaks volumes. >> he probably didn't pick the appearance knowing what the jobs figures would be. i think it's fair to say the economy has been bachltd obama doesn't have much to do with it. th president can't do that much to control the economy. but four years ago obama got to run saying, they drove it into the ditch, i can drive it out. then it turns out he can't. now the next guy gets to say, i can drive it out. he also can't drive it out, but this is the ritual every fo
don't like the tax policy numbers, find your own. there is a lot of that going on. >> in fairness i think what mitt romney said is defensible in the sense that, in fact, we have seen millions of people drop out of the labor force. if they hadn't dropped out and they seem to have because -- some is anyonie i aging but a l find jobs. that's a fair thing to say. >> he's on stage alan west who on friday suggests this was part of leftist radicalism at work and part of the chicago machine...
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will go up whoever went in november. >> your effective tax income after taxes will go up. deductions will go down. that is in effect the same thing. what you should see is a reduction of the concern about the fiscal cliff crossing over. the congressional budget office said it is about a 1% reduction in gdp if we go over the cliff. that disappearing is good for us. cheryl: i want to revisit this issue with you. some stock and sector plays based on your research. we are so close to the election. if romney wins, stock winners will be care providers, interesting a healthcare provider there. >> and the defense contractors also. cheryl: we also showed that basically that defense will be a big loser if the president stays in office. >> there will be different winners and losers depending on who wins. and all environments, you do very well owning consumer brands that that people love. they take advantage of the growth of the middle class. what we suggest is who matters does when. if you are not sure, you should be in index funds. what you want to do after the next several years is
will go up whoever went in november. >> your effective tax income after taxes will go up. deductions will go down. that is in effect the same thing. what you should see is a reduction of the concern about the fiscal cliff crossing over. the congressional budget office said it is about a 1% reduction in gdp if we go over the cliff. that disappearing is good for us. cheryl: i want to revisit this issue with you. some stock and sector plays based on your research. we are so close to the...
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my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >>> tell me, what comes to your mind when you hear the word yoga? well, you may think it's just seemingly impossible poses. here to change your mind is our guest with a yoga pose of the week. good morning. >> hi. >> first, introduce us to your guests. >> here, pregnant, almost nine months, lea. next to her is liz. >> lea and liz. so change our mind with this pose. explain it to us and tell us the purpose. >> okay. before they do it -- >> tell us what pose we're going to do. >> triangle pose. the shapes of triangles in the pose which helps to lengthen the back and strengthen the legs and i improve the breath overall. >> let's show the pose. >> yeah, great. so lea is going to be doing this version of the pose which is called evolved triangle. as you see lea, you might be able to tell, with her side open, she can really release the ba
my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >>> tell me, what comes to your mind when you hear the word yoga? well, you may think it's just seemingly impossible poses. here to change your mind is our guest with a yoga pose of the week. good morning. >> hi. >>...
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lack after record and policies that just tax plan. jenna: 29 days until the election, 29 days until the election i would expect nothing less than you two talking over each other and we look forward to having you back. both of you. as this gets closer to election day. and we all can say you're a liar. no you're a liar. we're going to talk more about it next time you guys are on. if it dissolves into that accusation both sides where are we really? that will be the next topic of debate. gentlemen, nice to have you. >> thank you. jon: the beginning of a new era in the u.s. space program, the first comercial mission to the international space station. it is underway right now. we have breaking details next. >> liftoff of the spacex falcon 9 rocket. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. t
lack after record and policies that just tax plan. jenna: 29 days until the election, 29 days until the election i would expect nothing less than you two talking over each other and we look forward to having you back. both of you. as this gets closer to election day. and we all can say you're a liar. no you're a liar. we're going to talk more about it next time you guys are on. if it dissolves into that accusation both sides where are we really? that will be the next topic of debate. gentlemen,...
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overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of a generated media narrative that he is coming up with all sorts of new policies and new touching stories. this is, you know, what's great about last week is it's our opportunity to present an unfiltered mitt romney versus an unfiltered barack obama and the choice was houistorically. >> let's ask you then about specifically what the panelist talked about, the thing that a lot of analysts are watching is are the polls going to move in the swing states? it is early to tell. the jobs numbers may factor in to this. can mitt romney move the polls in a place like ohio? where before the
overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of...
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>> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the problem. we have a $1 trillion annual deficit. carried interest would carry about one tenth of 1%. we should solve the deficit. >> it sounds like you say keep it. >> i'm saying look at everything but look at it in the context what it will kofl. our bigger is not carried interest it's the deficit and the $16 trillion of debt. that's a far greater problem. >> what would you do and what would you recommend whoever the next president do to solve the fiscal cliff crisis? >> first what i would recommend and again i was in government and i didn't solve all these problems so i'm not a person that
>> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the...
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. >> why is it if you take advantage of a tax break and you're a corporation, you're a smart business man. if you take advantage of something you need not to be hungry, you're a moocher. >> reporter: they sparred over health care. >> free market failed. >> you can have government regulation of it, just don't have them run it was be insaid but over the snail's pace of the livestream. after paying $4.95, thousands moved to facebook to complain. >> thank you for coming out to see us. >> reporter: after the debate o'riley and stewart apologized for the technical glitches and offered refunds and then in a show of surprising and unprecedented restraint, no victory dance around the ring. >> i don't think you can look at these things, you know, of this idea it's a match and there's a winner and the winner takes all. >> the display that you saw tonight is why america is america, you know. robust, creative, no holds barred. >> get off. >> reporter: half of the proceeds of that event will be going to various charities chosen by o'riley and stewart. one historical note here, savannah guthrie, its
. >> why is it if you take advantage of a tax break and you're a corporation, you're a smart business man. if you take advantage of something you need not to be hungry, you're a moocher. >> reporter: they sparred over health care. >> free market failed. >> you can have government regulation of it, just don't have them run it was be insaid but over the snail's pace of the livestream. after paying $4.95, thousands moved to facebook to complain. >> thank you for...
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part of this is an exponentially higher tax rate. but former governor ed rendell justifies all of it. >> we love to gamble, we love to bet. ed rendell can't stop it. barack obama can't stop it. mitt romney can't stop it. so if we can't stop it, let's make the best of it, make sure it's regulated well, make sure it's taxed robustly and make sure those dollars go to a good purpose. >> reporter: initially that 55% tax rate in pennsylvania was to go to give property tax relief for senior citizens, great political move for rendell. here in ohio, a chunk will go to the host city, columbus, ohio. a chunk goes to the state and there are slices that go to every county in ohio. it's obviously going to mean millions in taxes for the state of ohio. another one opens in cincinnati, carl, next spring. back to you. >> judging from the fact that it's probably 9:30 there in the morning -- i don't know if you're east coast. but behind you, brian, people are already lining up. you can see revenue being generated right there. >> reporter: they expect --
part of this is an exponentially higher tax rate. but former governor ed rendell justifies all of it. >> we love to gamble, we love to bet. ed rendell can't stop it. barack obama can't stop it. mitt romney can't stop it. so if we can't stop it, let's make the best of it, make sure it's regulated well, make sure it's taxed robustly and make sure those dollars go to a good purpose. >> reporter: initially that 55% tax rate in pennsylvania was to go to give property tax relief for...
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. >> biden says we want to let the tax cut expire. see you are supposed to be satisfied that the increased tax payments from the rich go to government. that's supposed to make you happy. when i hear stuff like that it's like how can anybody has an iq over that of a pencil eraser. >> stephanie: wow. i think the vast majority of the american people think we shouldn't have tax cuts for the rich, right? >> yeah and limbaugh's complete inability to understand how joe biden might be reelected again, or barack obama, we see this over and over again, just cannot understand incomprehensible, because they have been listening to the rhetoric for the last couple of years. and here they are, three or four weeks away. so they can't figure it out, and that goes back to the jobs conspiracy, polling conspiracy digging up videos from five years ago. these are all dilutional break-downkind of ways. they are trying to understand what is happening. because they don't understand what is happening. they don't engage in american politics anymore, because the
. >> biden says we want to let the tax cut expire. see you are supposed to be satisfied that the increased tax payments from the rich go to government. that's supposed to make you happy. when i hear stuff like that it's like how can anybody has an iq over that of a pencil eraser. >> stephanie: wow. i think the vast majority of the american people think we shouldn't have tax cuts for the rich, right? >> yeah and limbaugh's complete inability to understand how joe biden might be...
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struggling over the last four years or that he wants to raise the obama administration wants to raise taxes by over a trillion dollars. this is the joe biden we want. joe biden has to be careful about going too hard at paul ryan because of just that, because of the gaffes and because he can look over bearing, and paul, a lot is riding on paul ryan, and we want to keep that momentum going from that first debate, and he has to be careful not to get into the weeds of some of these policies. >> i know. he tends to be quite wonkish at times and people listen and say what? >> well, that's right. it is important that ryan stick with the big picture and go after biden on the rising debt and our sky rocketed unemployment and talk about the failed last four years as opposed to being trying to get trapped in some of the bieden spiderwebs that he will try to weave. >> it appears that joe biden is really taking this seriously because the democrats don't want to repeat of the first debate, right? joe biden apparently has taken six days off and practicing, practicing, practicing, especially with zingers.
struggling over the last four years or that he wants to raise the obama administration wants to raise taxes by over a trillion dollars. this is the joe biden we want. joe biden has to be careful about going too hard at paul ryan because of just that, because of the gaffes and because he can look over bearing, and paul, a lot is riding on paul ryan, and we want to keep that momentum going from that first debate, and he has to be careful not to get into the weeds of some of these policies....
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal fo to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires squeal] now meet carl who works from the coffee shop and uses the free wi-fi. marie works from there too. she's an identity thief who used a small device to grab his wi-fi signal, then stole enough personal information to hijack and drain his bank accounts. every yemillions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. this is identity theft and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protecti
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who...
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i'm a monthly columnist to tax knows. i've edited a book called overcoming barriers to entrepreneurship. that was published i roam and and littlefield two or three years ago so i wouldn't say it's a radical change. it's something i've been thinking about and writing about for a long time. >> thank you for joining us on booktv. >> thanks so much for having me on. >> up next on booktv, former north chicago superintendent of schools, patricia pickles, presents her thoughts on how to improve the american educational system. >> first, i thank the business leaders for allowing me to join my vision in education. i also want to recognize some of the groups for organizations that i provide service and support. a.k.a., alpha kappa alpha, the urban league and the urban league field -- guild, and the national association for the mentally ill your thank you for being here. i am patricia pickles, the author of "are you in a pickle? lessons learned along the way: students' performance and achievement gaps." i am the first college gradua
i'm a monthly columnist to tax knows. i've edited a book called overcoming barriers to entrepreneurship. that was published i roam and and littlefield two or three years ago so i wouldn't say it's a radical change. it's something i've been thinking about and writing about for a long time. >> thank you for joining us on booktv. >> thanks so much for having me on. >> up next on booktv, former north chicago superintendent of schools, patricia pickles, presents her thoughts on how...
WHUT (Howard University Television)
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those who do so risk losing their churches' tax-exempt status. according to a recent survey by the christian polling organization lifeway, 87% of pastors believe pastors should refrain from making political endorsements. the survey included both evangelical and mainline clergy. >>> the supreme court opened its new term on monday and a majority of the justices -- six of the nine -- attended the annual red mass, held the sunday before at st. matthew's cathedral in washington. at the annual event, catholic leaders encourage the justices to draw wisdom from their faith as they make their decisions. the court is set to tackle controversial issues once again this term, including a case involving affirmative action at the university of texas. many religious groups are anxious to see if the court will also agree to hear arguments on same-sex marriage. >>> a leading opponent of same-sex marriage, catholic bishop salvatore cordileone, has been elevated to archbishop of san francisco. cordileone was formally installed in a ceremony on thursday. in the past,
those who do so risk losing their churches' tax-exempt status. according to a recent survey by the christian polling organization lifeway, 87% of pastors believe pastors should refrain from making political endorsements. the survey included both evangelical and mainline clergy. >>> the supreme court opened its new term on monday and a majority of the justices -- six of the nine -- attended the annual red mass, held the sunday before at st. matthew's cathedral in washington. at the...